[CBSE] DK Goel Q. 47 Change in Profit Sharing Ratio Solutions Class 12 (2024-25)

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Solution of Question 47 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2024-25)

From the information given below, find the average profits of the partnership firm of Sudhir and Sana.

(a) The firm has total assets of ₹ 4,80,000.

(b) The partner’s Capital accounts show a balance of ₹ 4,00,000.

(c) The firm has reserves of ₹ 30,000 and Creditors of ₹ 50,000.

(d) The normal rate of return from the capital invested in the same class of business is 10%.

(e) The self-generated goodwill of the firm is valued at ₹ 1,80,000 at 3 year’s purchase of super profits.

[Ans. ₹ 1,03,000.]

Solution:-

Here are the solutions of Change in Profit Sharing ratio chapter of DK Goel Class 12 CBSE (2024-25)

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Anurag Pathak

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